Lima, Arizona Guarantee of Performance of Contract serves as a legal assurance that a party involved in a contract will fulfill their obligations as agreed upon. It is a binding document that ensures the completion of the contract and provides protection to all parties involved. The guarantee of performance of contracts plays a crucial role in various industries, including construction, real estate, and business transactions. In Lima, Arizona, the Guarantee of Performance of Contract is regulated by state laws, which mandate the inclusion of specific terms and conditions to protect the rights and interests of all parties involved. These guarantees can be categorized into different types based on the nature of the contract. Some common types include: 1. Construction Performance Guarantee: In construction projects, this type of guarantee ensures that the contractor will complete the project as per the agreed specifications, quality standards, and within the designated time frame. It safeguards the project owner against any potential breaches or delays. 2. Payment Performance Guarantee: This guarantee ensures that the party responsible for making payments, such as a buyer or lessee, will fulfill their financial obligations promptly and in accordance with the agreed terms. It offers reassurance to the seller or lessor that they will receive the agreed-upon payment in a timely manner. 3. Bid Performance Guarantee: In procurement processes, this type of guarantee is often required. It assures that the bidder, upon being awarded the contract, will execute the work as specified and at the quoted price. It safeguards the buyer against bidders who might default after being awarded the contract. 4. Contract Completion Guarantee: This guarantee ensures that the party entering into a contract will successfully complete all the specified tasks and obligations as defined within the agreement. It provides confidence to the other party that the contract will be carried out to its full extent. 5. Warranty Performance Guarantee: In situations where warranties are involved, this guarantee ensures that the party providing the warranty will honor their commitments, rectify any defects or malfunctions, and provide the necessary support within the stipulated warranty period. Overall, the Lima, Arizona Guarantee of Performance of Contract holds significant importance in securing contractual relationships, minimizing potential risks, and providing legal remedies in case of default or non-compliance. It is advisable for parties involved in any form of contractual agreement to carefully review and understand the terms and conditions of this guarantee to ensure a mutually beneficial and protected relationship.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.Pima Arizona Garantía de Cumplimiento del Contrato - Guarantee of Performance of Contract
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FAQ
Para hacer exigible una fianza es necesario: Adjuntar el documento en copia certificada, de requerimiento de pago. La copia certificada como pago se refiere a una sentencia ejecutoria dictada por una autoridad judicial en un procedimiento.
B) La garantia de fiel cumplimiento se ejecuta cuando las Unidades Ejecutoras del Pliego 007: Ministerio del Interior, hayan resuelto el contrato por causa imputable al contratista o proveedor, y esta haya quedado consentida o cuando por Laudo Arbitral consentido y ejecutoriado se declare procedente la decision de
A) Toda ejecucion de Carta Fianza o Poliza de Caucion se realiza mediante Carta Notarial emitida por la Oficina de Administracion, solicitando a la entidad financiera la ejecucion de la garantia mediante la entrega de cheque de gerencia por el importe requerido, el cual es retirado por el/la Especialista en Finanzas.
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Sobre el particular, el articulo 149 del Reglamento establece que Como requisito indispensable para perfeccionar el contrato, el postor ganador entrega a la Entidad la garantia de fiel cumplimiento del mismo por una suma equivalente al diez por ciento (10%) del monto del contrato original.
Sobre el particular, es pertinente senalar que el articulo 155 del Reglamento establece que entre otros supuestos la garantia de fiel cumplimiento se ejecuta Cuando el contratista no la hubiere renovado antes de la fecha de su vencimiento.
Es un instrumento de garantia en transacciones comerciales o cualquier contrato, a traves de la cual una entidad garantiza el cumplimiento de las obligaciones contraidas con otra, generando confianza y seguridad en todas las areas de negocios, ya que un tercero (la afianzadora o aseguradora) se hace garante del fiel
Garantia de Cumplimiento: garantiza el cumplimiento de las condiciones acordadas entre las partes contratantes, sirviendo de respaldo a la empresa adquiriente de bienes y servicios, para que estos le sean entregados o brindados en los terminos pactados y que, en caso de incumplimiento, tenga una fuente de indemnizacion
En un documento valorado emitido por un fiador (empresa del sistema de banca o financiera o de seguros) a favor de un acreedor (entidad contratante) garantizando las obligaciones del deudor (solicitante) en caso de incumplimiento del deudor, el fiador asume la obligacion.